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Travelperk raises $21m. Geoblink gets €5m. The story of Nexium's €70m exit.

July 7, 2019 • Issue #110

360 Talent es la primera consultora de RRHH de España, que desde el año 2013 cuenta con una división especializada en startups. Somos expertos en procesos de selección en el área IT (fullstack, back-end, front-end, mobile, DevOps…), online marketing, operaciones, ventas, logística, finanzas, así como todas las posiciones C-Level. Nuestro objetivo es seguir creciendo con tu empresa! ¿Hablamos?

Startup funding news 💸

  • TravelPerk grabs $21 million from Target Global and Felix capital to make booking business trips suck less. Felix Capital has a nice breakdown of the investment
  • Madrid-based SaaS geolocation intelligence startup Geoblink raised€5 million from Elaia Partners and Nauta Capital
  • Woom fertility app expects to raise €1 million from international investors

Startup exits 🎊

  • Madrid-based Fon acquired XCellAir to reinforce Fontech’s Home WiFi Solution and strengthen its North American presence
  • VozPopuli published a profile of Nexium, the Spanish startup that sold to Nielsen for €70 million
  • Spanish blockchain company Nodalblock expects to float on the Canadian stock exchange

Investor & accelerator news 🚀

  • Kippel01 looks at Grupo Intercom’s current health and how it has adapted to new trends in the tech ecosystem
  • Samaipata Ventures 101: What you always wanted to know about Samaipata but never dared to ask
  • Pablo Ventura (K Fund): ’The good and the bad of letting a corporate VC invest in your startup
  • Startup accelerator Demium Games launched Demium Games Academy, an education program aimed at gaming startups
  • Sports brand ASICS begins open call for Tenkan-Ten startup accelerator in Barcelona
  • El Referente has a list of 75 business angels who are currently active investors
  • Expansion interviewed Ignasi Costas, founding partner of RCD, about investment trends in the biotech sector

Startup news 💡

  • Cabify has a new CSR (corporate social responsability) boss, David Perez Piñeiro, who comes from Mapfre. This coincides with a new campaign from the Spanish company to promote new mobility solutions to improve cities. Mariano Silveyra, Cabify’s Spain country manager, talked about this in an interview with El Español
  • Also last week, Cabify announced that it has reached its break even point in Spain
  • French car rental marketplace Drivy expects to reach 300,000 users in Spain in 2018. Another similar company, Avancar, says it expects to hit profitability this year
  • An AI for every price: how Madrid-based artificial intelligence startup Wise Athena is rethinking pricing
  • Xataka published a lengthy profile of Muroexe, the ecommerce startup that has sold more than 69,000 pair of shoes in the past few years
  • Kippel01 analyses Glovo’s international expansion strategy. The company is active in 5 Latam companies and expects to launch in 3 more in coming months, while reaching €100 million in worldwide sales

Big company news 🏦

  • BBVA has until April 2019 to make a decision to buy Atom, the British neobank. The Spanish bank currently owns 39% of Atom
  • Santander launches the first blockchain-based international money transfer service across four countries
  • From the ‘liquid hospital’ to blockchain: how Sanitas is trying to embrace technology
  • Car sharing service Emov is now live in Portugal and will be available in Barcelona in 2019
  • Protests continue at Amazon Spain, as workers threaten the company to go on strike if their working conditions are not improved. This week it was revealed that Amazon’s subsidiaries in Spain had sales of more than €300 million in 2017. La Informacion has more details about Amazon Spain numbers

Tech and policy 💂🏼

  • La Informacion has a breakdown of the upcoming hearing that could decide the future of VTC licenses (and thus Cabify and Uber) in Spain

Interesting reads 🤓

  • According to a study from DBK, Deliveroo, Glovo and other online delivery platforms account for 14% of all Spanish fast food sales
  • Kippel01 looked at various educational institutions that are popular for creating and developing tech executives in Spain
  • David Martín Corral (Zensei): ’Startup growth starts with a great product loved by users

Podcasts of the week 🎧